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News
EU updates list of non-cooperative tax jurisdictions, reinforcing commitment to global tax transparency
EU Finance Ministers updated the EU list of non-cooperative tax jurisdictions, reaffirming the European Union’s steadfast commitment to promoting tax transparency and fair taxation globally.
EU strengthens international tax cooperation with Andorra, Liechtenstein, Monaco and San Marino
The European Union signed four amending protocols to international agreements with Andorra, Liechtenstein, Monaco and San Marino which provide for automatic exchange of financial account information between the EU and the four jurisdictions.
EU VAT Derogations
A new report by the European Commission shows significant disparities in how EU Member States apply VAT rate derogations, raising questions about transparency and fairness in the bloc’s tax system. The analysis reveals that just three countries account for 75% of the 64 derogations currently in force, while seven others cover the remaining 25%.